BMO Capital Reiterates a Hold Rating on CAE Inc.

By Jason Carr

In a latest note to investors, a research analyst has provided a rating update for the Consumer Goods sector company, CAE Inc. (TSX: CAE). Analyst Fadi Chamoun from BMO Capital reiterated a Hold rating, with a C$22 price target yesterday.

According to, Chamoun is a top 100 analyst with an average return of 16.7% and a 85.5% success rate. Chamoun covers the Services sector, focusing on stocks such as Kansas City Southern, WestJet Airlines Ltd, and Magna International.

Currently, the analyst consensus on CAE Inc. is Moderate Buy and the average price target is C$22, representing a 0.5% upside.

In a report issued on May 23, CIBC also reiterated a Hold rating on the stock.

The company has a one year high of C$21.95 and a one year low of C$15.40. Currently, CAE Inc. has an average volume of 455.8K.

CAE, Inc. engages in the provision of simulation and modeling technologies and training services to the civil aviation, defense, healthcare, and mining markets. It operates through the following segments: Civil Aviation Training Solutions, Defence & Security, and Healthcare. The Civil Aviation Training Solutions segment involves in providing training solutions for flight, cabin, maintenance and ground personnel in commercial, business, and helicopter aviation. The Defence & Security segment offers training centres, training services and simulation products as a training systems integrator to defence and security forces. The Healthcare segment includes the designing, manufacturing, and selling of simulators, audiovisual solutions, and courseware for training of medical and allied healthcare students and clinicians in educational institutions, hospitals and defence organizations. The company was founded by Kenneth R. Patrick on March 17, 1947 and is headquartered in Montreal, Canada.

The company’s shares closed last Friday at $21.90, close to its 52-week high of $21.95.